ARMSTRONG WATSON LLP

💤Zombieactive

OC415608 · llp · incorporated 2017-01-25

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

69/100

Strong

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Investor take

Pursue

Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 8.2y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 8.2 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: low (47/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, no SIC, incorporation date

Financials

No iXBRL financials extracted

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

83 officers (59 active, 83 linked, 81 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

148 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

69/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

• 9 officers

Last 180 days

filings

• 23 officers
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (138 events)Click to expand

2026-04-28
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-04-28
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-04-15
➕
CLARK, Paul Martin appointed
llp-member
2026-04-15
➕
RUSSELL, Paul appointed
llp-member
2026-04-10
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-04-10
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-04-10
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-04-10
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-04-10
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-04-01
➕
DIMITROVICH, Tania appointed
llp-member
2026-04-01
➕
GRAHAM, Lauren Victoria appointed
llp-member
2026-04-01
➕
JOHNSTON, Martin appointed
llp-member
2026-04-01
➕
JONES, David Robert appointed
llp-member
2026-04-01
➕
RUDKIN, Brian John appointed
llp-member
2026-03-24
➖
CLARK, Paul Martin resigned
llp-member
2026-03-24
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-03-16
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-03-03
➕
CLARK, Paul Martin appointed
llp-member
2026-02-07
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-02-03
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-01-31
📄
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2026-01-31
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-01-31
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-01-31
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-01-30
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2026-01-30
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2026-01-29
➕
POLES, Graham appointed
llp-member
2026-01-29
➕
THWAITES, Russell John appointed
llp-member
2026-01-28
➖
POLES, Graham resigned
llp-member
2026-01-28
➖
THWAITES, Russell John resigned
llp-member
2026-01-14
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-01-12
➖
PARKHILL, Annie Lindsay resigned
llp-member
2026-01-06
📄
accounts-with-accounts-type-full
accounts · AA
2025-12-13
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-12-13
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-12-12
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-12-12
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-12-12
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-12-12
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-10-01
➕
LEWIS, Jonathan Richard appointed
llp-member
2025-10-01
➕
REID, Craig John appointed
llp-member
2025-09-30
➖
STANGER, Mark John resigned
llp-member
2025-08-11
➕
COOPER, Linsdey Jane appointed
llp-member
2025-08-11
➕
GREEN, Stephen James appointed
llp-member
2025-08-11
➕
WILSON, David Anthony appointed
llp-member
2025-08-01
➕
ASKEW, Richard appointed
llp-member
2025-08-01
➕
CHAPMAN, Edith Margaret appointed
llp-member
2025-08-01
➕
CONNELL, Edward Weston appointed
llp-member
2025-08-01
➕
DEEMING, Hayley Anne appointed
llp-member
2025-08-01
➕
HAYES, Lee James appointed
llp-member

Showing most recent 50 of 138 events

Owner dependency

50/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 med ·

6 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: CLARK, Paul Martin resigned 2026-03-24; MACKIE, Sandra Crichton resigned 2025-07-31; PARKHILL, Annie Lindsay resigned 2026-01-12

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20 ALDERBROOK ROAD RESIDENTS LIMITED→ 05137061 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
20TEN CONTRACTS LTD→ 16785571 · est 2025 · no financials extracted	—	—	—	—	—	—	—
214FOODDRINK LTD→ 14752323 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
32 MARLBOROUGH BUILDINGS BATH MANAGEMENT COMPANY LIMITED→ 03686615 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
3B CONSTRUCTION LTD→ 04756850 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
3D TRAVEL CUMBRIA LIMITED→ 16271095 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
4WARD DIGITAL LIMITED→ 12498789 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
53 ELDER AVENUE LIMITED→ 03126580 · est 1995 · no financials extracted	—	—	—	—	30y	—	—
789 NATION LIMITED→ 14615621 · est 2023 · no financials extracted	—	—	—	—	3y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive

Typellp

Incorporated2017-01-25

Jurisdictionengland-wales

Primary SIC—

Registered office

James Watson House Montgomery Way

Rosehill Industrial Estate

Carlisle

CA1 2UU

England

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-07

Last: 2026-01-24